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the Ks are probably the best deal out here just now. they can't be converted to commons. the level II bids and asks you se are the ones that the MMs want you to see. They don't have to show your order on level II if they don't want to. the Ps are a good deal too but they are much easier to manipulate because there are so few. notice when the bid drops and there is an immediate sell .01 higher than the bid? NITE is a crook imo.
VIX is moving up from 29.62 today...
there is a 7-yr auction tomorrow isn't it? may cause a significant market dip...
or better yet start sending more complaints with specific examples to the sec...
Sure things are getting better...
"Your Advanta Business Card account is funded by an independent trust which owns the balances you owe on your account and provides funding for new transactions. We expect the trust to stop funding activity on our accounts. The trust also restricts our flexibility to fund activity on your account. Unfortunately, as a result, effective May 30th all Advanta Business Credit Card accounts, including your account, will be closed."
Look at this. It makes a lot of sense that consumer confidence is up and the financial system is improving right? NOT...
"Your Advanta Business Card account is funded by an independent trust which owns the balances you owe on your account and provides funding for new transactions. We expect the trust to stop funding activity on our accounts. The trust also restricts our flexibility to fund activity on your account. Unfortunately, as a result, effective May 30th all Advanta Business Credit Card accounts, including your account, will be closed."
everyone needs to send an email to their senator letting them know how rediculous and unfair the takeover of Washington Mutual with $4 billion cash plus billions in assets by JPMorgan Chase for $1.9 billion. Also that JPM and other big banks are posting record profits at the same time they are raising interest rates and cutting lines of credit to people.
Also asking why is it fair to give the auto union a 39% equity in GM for $10 billion interest while Obama wants to give the bond holders only 10% equity for $27 billion investment. The bond holders include people with their retirements invested. The labor unions are a good part of the reason that the auto industry is failing.
I have sent a few with my thoughts and expressed how corrupt I think things are in big business and government. Things won't get better unless there are a lot more people screaming imo.
Here is where you can get their contact info:
http://www.senate.gov/general/contact_information/senators_cfm.cfm
let me guess, Nite on the bid and ask. lol...
not likely. if they said they would convert WAMUs shares to something else it would have to be a future date. otherwise what would happen to the shares after todays settlement date? they can't just ignore them. this can not be like a declared dividend on an x-dividend date imo. If they do something you would wish you had bought more at least by Friday. Monday would be to late...
$3,200/investor before lawyer (vulture) fees. No wonder fraud/crime pays...
I like the part where they claim they thought they bought $4 billion cash for $1.9 billion. reasonable defense....
in case anyone is confused. The media is getting in this. Doubt it can easily be shut down...
http://www.nypost.com/seven/04292009/business/wamu_says_dimon_took_illegal_windfall_166693.htm
this says it clearly so idiots can understand.
http://www.nypost.com/seven/04292009/business/wamu_says_dimon_took_illegal_windfall_166693.htm
His question was "couldn't WMI cancel all shares anyways at any time during the bankrupty?" The answer is "no they can't". If it is determined there are not enough assets to cover the debts then the reorg plan could cancel common and issue new stock. The amount of assets is one of the big things trying to be determined. WMI can't just decide to wipe out shareholders arbitrarily. This is chapter 11, not 7...
shhhh..Obama and Timmy don't want to think about that...
I guess I will do the illogical and unexplainable on my next trade. maybe that will work. Maybe Lehman will do a comeback...
I'm sure the unemployed can keep their credit card payments up though. We have nothing to worry about.lol
that certanily isn't the only thing I have seen in this market that makes no sense whatsoever. I guess its better to be lucky...
if you hold 1000 shares that is $77,500/year interest...
probably crooked NITE...
??? I was trying to add a good amount at the .0009 ask and got only 5k from NITE. What are you talking about?
CENV - I'm trying to add, NITE the SOB had only 5k shares at the ask just to *uck up things...
2,817 block buy at ask (.70) don't sound weak...
Bottom line is that anything posted is simply "one's opinion". Nobody knows "the answer". We could see a quick settlement or a drawn out ordeal, it's anyone's guess. Make your bet, take your chances. The potential gains on this one seems very large. The chances seem pretty good. The timeframe is what appears to be the most unknown. I don't care for the BIG egos and fortune tellers very much. GLTall...
the a-hole MMs aren't showing my bid...
NITE is undercutting the ask on all the WAMUs. He's a manipulative crook. probably in bed with the SEC...
this has been the trading pattern since november. The a/s is maxed and there has been no dilution. o/s has stayed the same. call the t/a and stop spouting blind opinions...
anyone think JPM is above hiring a few bashers to come into play?...
who the heck are you? why do you think you know something? why should anyone believe you? why are you here? You may be feeling stupid just know based on the news release...
NITE has been fined many times for manipulation. He makes more than the fines off the practice. Probably a slice goes back to someone in the SEC...
like when there is a buy at the ask and the ask drops; like when the bid drops after a buy; like when there is a $2 trade; like the paint at the ned of every day; NITE is usually on the buy side and on the sell side; NITE jumps in just under the ask and just above the bid to keep it boxed; they don't show your bid when you enter a buy higher than the bid; I'm talking all the WAMUs; my ETrade level II shows more than yours then.
not much point in investing in it then...
with the way these are being manipulated it would be a shame if you were out one evening when the settlement was announced...I say this because if a settlement were forthcoming there would probably be some leaking to MMs who would push the price down pre-announcement if they could...trying to fool as many as possible...
so you bought what a lot of what the execs dumped...hope you sell soon...
I bought $1 puts...bk=$0 cover
yup...as long as they stay puppies...
but when the execs are dumping their own personal 300,000 shares only a dope would think it would pop to flip...or did I miss something in my first few years of elementary school...
why would anyone buy GM common now? The captain and all of his officers already jumped into the first life boat...
the thing is you don't know when news will come. It will probably be in the middle of the night or weekend. shares would be locked at the next open...
email from Adam last Nov...
----- Original Message -----
From: info@beaconredevelopment.com
To: xxx
Sent: Wednesday, November 26, 2008 2:24 PM
Subject: RE: [Auto-Reply] Beacon Redevelopment Industrial Corporation share structure
Hello xxxxxxx:
Regulation FD prohibits me from releasing material information to a single shareholder relating to non-public transactions. This would include share transactions, future share transactions, plans for media releases, or potential investor awareness campaigns (except to say that our company does not engage in any form of stock promotion).
However, I can tell you that all shares released by us are issued through the transfer agent. There is no way to have shares issued without the transfer agent having knowledge. Further, just because shares have been issued does not necessarily mean that the holder of the shares chose to sell the shares.
With respect to trading patterns of the stock, the company maintains no control over it or the market makers that deal in the stock. The company has no contact with any shareholders that may choose to buy or sell shares, has no nominees selling shares, and cannot influence the pricing or movement of the stock in any way. Factors that influence market activity include the demand for the stock, the actions of the market makers, short selling activity, rapid selling by short term investors, and the general economic climate -- all matters that we cannot control. We hope that recent FINRA regulations regarding brokers trading for their own accounts will curtail certain negative trading patterns and allow retail customers to have their orders displayed, we have yet to see any impact or change by the market makers. If you suspect your broker-dealer of not displaying customer orders first, it is imperative that complaints be submitted to FINRA.
Our primary concern is creating a working business model that brings in revenues to the company, not the immediate short-term pricing of our stock. While we certainly want our shareholder to have fairly priced shares, our goal is not the short term or investors looking to use our stock as a short term revenue producing vehicle.
I appreciate your interest in BCND.
Adam Marek, President
Beacon Redevelopment Industrial Corp.
-------- Original Message --------
Subject: Re: [Auto-Reply] Beacon Redevelopment Industrial Corporation
share structure
From: "xxx" <xxxxxxxxxxx>
Date: Wed, November 26, 2008 11:05 am
To: <contact@beaconredevelopment.com>
I have not had a reply to my questions. I own several millions of shares of
BCND across my brokerage accounts. In my mid-November email to you I was
concerned about why the outstanding share count increased by 200 million
during the last 2 weeks of October. It seemed to contradict previous
statements by Mr. Marek. It appeared that we wouldn't have received fair
value for those shares given so many positive developments. I would still
like to know why that increase was necessary.
Also, the current trading pattern for BCND makes no sense given those
positive company developments. I have monitored the T/A numbers which does
not reflect any additional increase in O/S since November. Have all of the
shares issued by the company been reported to the T/A?
It would appear that the market does not believe the positive news that has
recently been released if share count has not increased. I would appreciate
any explanation you have on current trading patterns. Also, what plans do
you have to gain market credibility?
Regards,